The post Big Breaking: President Trump Talks Bitcoin ATH, SEC Crackdown, and America’s Crypto Future appeared first on Coinpedia Fintech News
President Donald Trump spoke at the FII Priority Summit in Miami on Wednesday, covering topics such as Bitcoin and the Department of Government Efficiency (DOGE). He opened up about the strong recovery of America’s economy since his election, citing significant improvements since November 5th.
The Nasdaq has risen nearly 10%, the Dow Jones Industrial Average has gained 2,200 points, and Bitcoin has reached new all-time highs. Trump expressed his goal of making America the leading hub for cryptocurrency, aiming to keep the country at the forefront of the industry. “Bitcoin set multiple all-time record highs because everyone knows that I’m committed to making America the crypto capital,” he said.
He added, “We want to stay at the forefront of everything, and one of them is crypto, and Miami seems to be the center of the action, come to think of it, and maybe it’ll stay there.”
Criticism of the SEC and Its Stance on Crypto
Trump also took the opportunity to criticize the SEC under the Biden administration, particularly former SEC Chair Gary Gensler, who left the agency last month.
Trump stated, “We ended that war totally,” referring to the SEC’s stance on crypto. He added that the SEC had been hostile toward the industry until the very end, but with so many people invested in Bitcoin and crypto, they changed their tone, becoming “very nice” just before Gensler’s departure.
Before and since taking office, Trump has shown strong support for digital assets. He appointed crypto-friendly former regulator Paul Atkins to lead the U.S. Securities and Exchange Commission (SEC). Trump’s recent remarks come amid various developments in the crypto world, including Elon Musk-led DOGE’s investigation against the SEC. Additionally, the SEC has paused its ongoing cases against major cryptocurrency exchanges Binance and Coinbase.